Increasingly, governments and state utilities mainly in developing economies are delegating the responsibility for power generation to independent (private) companies. Under so-called Power Purchase Agreement, (PPA) an Independent Power Producer (IPP) is contracted to deliver a specified amount of electrical power by a specified date. Meeting the conditions of the PPA involves the construction of a new power plant to a tight schedule. An ideal solution is the design and construction of a turnkey power plant by MAN Diesel & Turbo including the full operations and maintenance of the power plant.
We have a growing reputation in this. Our credentials include proven speed in delivering the first power to the grid and an excellent reputation for meeting contract obligations, especially completion dates.
Financing
In addition, we have regularly demonstrated its agility and inventiveness in arranging highly entrepreneurial forms of project financing possible in PPA / IPP contexts.
Power Development
The Power Development department within the power plant sales organisation is dedicated to providing comprehensive solutions for the power industry. The main focus is to promote new installations of MAN Diesel & Turbo products. In addition, following market trends, we can offer solutions such as Wind-Diesel power stations and power plant rehabilitation projects.
Project development begins with an idea and with the aid of feasibility studies to enable us to establish whether or not the idea is commercially viable.
“No other company is better qualified to develop power projects based on MAN Diesel & Turbo technology than we are.”
With the expertise and experience of our team, Power Development can successfully meet and exceed the customers' expectations, by taking on the role of power partner in both the technical development and financing of a power plant. The Power Development team works closely with the project sponsors, equity investors, governments, utilities, municipalities, local and international financial institutions to meet the specific needs of the customers in project development and financial services.
As a developer, Power Development deals with the complete process from the initial feasibility study, the search of the correct site and location, the choice of the suitable MAN Diesel & Turbo technology, initial governmental or local approvals, financing and plant operation and maintenance.